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Market Says 'Oui' to TransCanada's Energy East Crude-Oil Pipeline

Industry Segment: Pipelines | Word Count: 1324 Words

SUGAR LAND--September 11, 2013--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--TransCanada Corporation (NYSE:TRP) (Calgary, Alberta, Canada) is moving forward with its plan to build a $12 billion west-to-east crude-oil pipeline across Canada, buoyed by firm commitments from shippers for nearly all of the pipeline's 1.1 million-barrel-per-day (BBL/d) capacity. The market response to the Energy East Pipeline was so strong that TransCanada has decided to partner with Imperial Oil Limited (Saint John, New Brunswick) on a $300 million deep-water port expansion in Saint John, New Brunswick.